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Bank of Montreal issues €1 billion covered bonds as part of its €7 billion covered bond program

Date Closed

January 23, 2008

Lead Office



7.00 Billion EUR

On January 23, 2008, the Bank of Montreal, in conjunction with the bank's €7 billion established European covered bond program, issued €1 billion five year covered bonds which are irrevocably and unconditionally guaranteed as to timely payment of principal and interest by BMO Covered Bond Trust. BMO Capital Markets and Morgan Stanley & Co. Incorporated were the arrangers for the programme, with BMO Capital Markets, HSBC France, Morgan Stanley & Co. International plc, Société Général Corporate and Investment Banking and UniCredit (HVB) acting as lead managers for the issuance.

McCarthy Tétrault LLP advised the syndicate of underwriters with a team led by Dirk Rueter.